Explain unemployment, inflation, and major price indices, such as the GDP Price Deflator (Implicit Price Index), Consumer Price index, and Producer Price Index
|Learning Activity 1|
|Type of Learning Activity||In-class – Individual|
|Description of Task||The first in-class learning activity consists of two question, both of which cover chapter 1 that relates to the concept of unemployment, and meets CLO 1. Students will be required to define unemployment, explain the main types of unemployment, and compute unemployment rate.|
- Course Learning Outcomes (CLOs)
Upon successful completion of this course, students will be able to:
- Explain unemployment, inflation, and major price indices, such as the GDP Price Deflator (Implicit Price Index), Consumer Price index, and Producer Price Index.
(K1, S2, S3, PLO 3, PLO 4, PLO 5)
- Analyze business cycles and the macroeconomic variables influenced by them.
(K1, K4, S1, S3, PLO 3, PLO4, PLO5)
- Evaluate the effects that monetary and fiscal policy have on nations with fixed exchange rates.
(K1, K4, S1, S2, S3, PLO 3, PLO4, PLO5)
- Text Book
Carbaugh R. (2017). International Economics. 16th Edition. ISBN-13: 978-1305507449. Cengage Learning.
- Additional Resources
Pugel T. (2015). International Economics. 16th Edition. ISBN: 9781259252846. McGraw-Hill.
Daniels P. J. and VanHoose D. D. (2014). Global Economic Issues and Policies with Economic Application. 3rd Edition. ISBN: 9780415710206. Cengage Learning.
- Academic Journal
Sbia, R. and Alrousan, S. (2016). “Does Financial Development Induce Economic Growth in UAE? The Role of Capitalization and Foreign Direct Investment”. International Journal of Economics and Financial Issues, 2016, Vol. 6. Iss. 2. Pp. 703-710.
Afonso, A. Alves, J. (2015). “The role of government debt in economic growth”, Review of Public Economics , Vol. 215. Iss. 4-2015. pp. 9-26.
Patel, P. J., Patel, N. J. and Patel, A. R. (2014). “Factors affecting Currency Exchange Rate, Economical Formulas and Prediction Models”. International Journal of Application or Innovation in Engineering & Management (IJAIEM). Vol. 3, Iss. 3. Pp. 53 – 56.
Tulip, P. (2014). “Fiscal Policy and the Inflation Target”, International Journal of Central Banking, June, pp. 63-96.
Mgammal, m. H. (2012). “The Effect of Inflation, Interest Rates and Exchange Rates on Stock Prices Comparative Study among Two GCC Countries”. International Journal of Finance and Accounting 2012. Vol. 1. Iss. 6. Pp. 179-189.
Gali´, J. (2010). “Inﬂation Pressures and Monetary Policy in a Global Economy”. International Journal of Central Banking. Vol. 6, No 1, 93—102, January, 2010.
Yanping, C. (2010). “Fundamentals Based Exchange Rate Predictability over the Business Cycle